MySpace has been put on notice by parent company News Corp. There has to be some serious changes made in the immediate future, or the end of the social networking site could be near. Back in 2006, MySpace was the top social networking site. Many had an account with the site, but then giant Facebook came in and took over. By 2008, Facebook was the top social networking site, and MySpace began to lose money.
News Corp bought the social networking site in 2005, and they want to see money from it. This means that MySpace has to get it in gear and make some changes if they want to stick around. It looks like the site is trying to do that. Last month, MySpace announced some changes. This included a new design for the site. MySpace is also no longer trying to compete with Facebook.
It is trying to make its own niche with changing the focus away from social networking site to being a social entertainment site instead.Â MySpace has always had a large music and entertainment connection. Fans have been able to listen to tracks from their favorite artists, and there has also been live chats with many actors and musicians over the years.
Going away from social networking and focusing more on entertainment might be what MySpace needs to do to stay afloat. News Corp isn't giving them much time to do it either. They want a plan that won't take years to implement. They are giving the site quarters to pull things together. If improvement isn't seen users that have remained on MySpace will be out of a site.Â Â Go here for the latest news.
Â© Regina Avalos